Credit restrictions slow Chinese growth

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Beijing–Chinese economic growth is slowing to a more sustainable level as a result of government-imposed credit restrictions. A Bloomberg report says that credit restrictions imposed in April are succeeding in slowing the construction of new factories and industries.

Executives at the recent K show in Dusseldorf confirmed that rubber machinery sales in China have slowed down in recent months, as factory managers find it difficult to get enough money to pay for their desired expansion plans.

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